EFTA01777609

From: jeffrey epstein <jeevacation@gmail.com> Sent: Friday, May 6, 2011 7:24 PM To: Barrett, Paul S Subject: Re: Bond Portfolio Yes Sorry for all the typos .Sen= from my iPhone On May 6, 2011, at 2:55 PM, "Barrett, Paul S"=I > wrote: W=uld you like to execute? Paul Barrett, CFA JPMorgan Private Bankc=:p> 40W 57th Street, 33rd Floor, New York, N= 10019 From: Jeffrey Epstein [mailto:jeeva=ation@gmail.coml Sent: Friday, May 06, 2011 1:19 PM To: Cc: Barrett, Paul S Subject: Fwd: Bond Po=tfolio ap> 20 millino from haz= trust Forwarded message EFTA_R1_00093565 EFTA01777609 From: Barret=, Paul 5 < May 6, 2011 at 12:56 PM Subject: Bond Portfolio To: Jeff=ey Epstein «mailto:jeevacation@gmail.com>jeevacation@gmail.com <mailto:j=evacation@gmail.com» Cc: "Giuffrida, D=vidl" < =effrey =/span> Corporate B=nds =nbsp; &nbs=; &n=sp; YTM =p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-al=:auto">Sprint Nextel &nbs=; &=bsp; BB- 2016&n=sp; 5.58% CIT Group &nb=p; =nbsp; B+ &=bsp; 2017 =nbsp; 6.67% Peabody Energy &nb=p; BB+ 20=6 4.49% Ford Motor Credit = BB- = 2015 4.01% =p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-al=:auto"> Preferreds = &nb=p; &=bsp; &nb=p; YTC JPM 7.90% &nb=p; &=bsp; BBB+ =nbsp; 5.95% &nbs=; &n=sp; Bank of America &nb=p; BB+ &nb=p; &=bsp; 6.51% Barclays 8.125% &nb=p; A- &nbs=; &n=sp; 5.21%=/o:p> <=p> I would also put some money in t=e JPM High Yield Bond Fund with daily liquidity and a yield of 6.1%.=o:p> </=:p> Recommendation:<=p> 55mm in the corporate bonds=/0:p> 55mm in the HY Bond Fund<=span> $10MM in the P=eferreds 2 EFTA_R1_00093566 EFTA01777610 &nbs=; Paul=o:p> <= class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt=auto">&=bsp; Paul Barrett, CFA This email is confidential and subject to important dis=laimers and conditions including on offers for the purchase or sale of secu=ities, accuracy and completeness of information, viruses, confidentiality, l=gal privilege, and legal entity disclaimers, available at <http:/=www.jpmorgan.com/pages/disclosures/email> http://www.jpmorgan.com/pages/d=sclosures/email. The information containe= in this communication is confidential, may be attorney-client privilege=, may constitute inside information, and is intended only for the use=of the addressee. It is the property of Jeffrey Epstein Unauthorized=use, disclosure or copying of this communication or any part thereof is s=rictly prohibited and may be unlawful. If you have received this comm=nication in error, please notify us immediately by return e-mail or by e=mail to <mailto:jeevacation@gmail.com> jeevacation@gmail.com, and destroy=this communication and all copies thereof, including all attachments. co=yright -all rights reserved This email is confidential and subject to important disclaimers and conditio=s including on offers for the purchase or sale of securities, accuracy and c=mpleteness of information, viruses, confidentiality, legal privilege, and l=gal entity disclaimers, available at http://www.jpmorgan.com/pages/disclosures/email <http://www.jpmorgan.com/pag=s/disclosures/email> . = 3 EFTA_R1_00093567 EFTA01777611